Investor Relations Highlights

Financial Ratios 0.29 Gearing (x) 0.17 . 2019 9M 2020 0.20 • Net Gearing (x) 0.07 2019 9M 2020 2.22 Current Ratio (x) 1.80 2019 9M 2020 17.6% 19.2% ● Return on Equity Notes: Gearing Ratio = (Interest-Bearing Liabilities) / Equity 2019 9M 2020 Net Gearing = (Interest-Bearing Liabilities Less Cash) / Equity Return on Equity uses trailing 12 months' earnings and average equity 43 Comfortable level of gearing ratios maintained Decrease in peso-denominated debt led to lower leverage ratios Improvement in current ratio implies healthy liquidity Attractive return ratios with ROE in the high teens

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